Shares of India Glycols Ltd. gained over 3% on October 1, trading at ₹1,271 after the company announced significant capacity expansions at its Kashipur plant in Uttarakhand. The stock climbed by 3.51%, reflecting positive market sentiment on the news.
Key Developments:
- Distillery and Ethanol Capacity Expansion: India Glycols successfully increased its grain-based distillery capacity by 100 KLPD, bringing the total to 500 KLPD. Additionally, the capacity of the bio-fuel ethanol plant has been boosted by 180 KLPD, reaching a total of 590 KLPD.
- Chemical Facility Expansion: The company expanded its value-added chemical production capacity by 2,500 MT/year, making the total capacity 7,500 MT/year. The facility has been commissioned, and further expansions are expected to be completed by Q1 FY26.
- Upcoming Projects: India Glycols is also enhancing its distillery capacity by an additional 180 KLPD and increasing its bio-fuel ethanol capacity by 90 KLPD at the Gorakhpur plant in Uttar Pradesh. These enhancements are expected to be commissioned by Q4 FY25.
Strategic Moves:
In September, India Glycols announced a partnership with Amrut Distilleries for the manufacturing and marketing of premium brands. This strategic move aims to expand the company’s product portfolio and market reach.
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